Student accommodation across from Russel Road College Currently vacant and not being run at its full potential - new hands-on owner needed! THE PROPERTY CONSISTS OF THE FOLLOWING: FULLY FURNISHED 10 Rooms 2 communal bathrooms consisting of 2 showers & 2 toilets downstairs, 2 showers & 2 toilets upstairs Projected Income/expenses on 20 Beds: Monthly Rental Income: R80 000 Monthly Expenses: R28 755 Monthly Net Income: R51 245 Annual Net Income: R512 450 Cap Rate 21.35% (Return on investment on a cash purchase) “The information provided is believed to be true and correct but does not form part of any agreement”
Purchase Price R 2 400 000
Building Size350.00 m2
Type of PropertyApartment
Monthly Rates3259.39
Land Size203.00 m2
FurnishedYes
Last Updated15 Jul 2026
Bedrooms11.0
Bathrooms2.0
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